The restaurant management software provider had received funding from Alphabet’s GV unit prior to the announcement of its IPO plans last week.
Toast, a US-based restaurant management software developer backed by internet and technology conglomerate Alphabet, has filed to raise up to $100m in an initial public offering.
Founded in 2011, Toast operates an online restaurant management platform that helps restaurants handle in-store and online orders as well as marketing, payroll and recruitment.
The company secured a valuation of about $5bn through a private investment round of undisclosed size in February this year, according to a report by Reuters.
Toast generated…
